Back to Search
Property profile & analytics
OFF-MARKET
Drive through restaurants
19701 12th Mile Rd Southfield, MI 48076-2584
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5261925
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2013
Total area
2,048 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B-2
APN
76-24-14-101-230
UPID
US43-5261925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
12 Th LLC · 4 yrs held
12 Th LLC
since 2022
7 recorded transactions
Zoning & alternative use
B-2 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$34,709
Tax year 2022
Assessed value
$515,080
Assessed 2022
Previous assessed
$515,080
+0.0% YoY
Effective rate
6.74%
On assessed value
Assessed land
$228,690
Assessed improvement
$286,390
Land market value
$457,380
Improvement market value
$572,780
Total market value
$1,030,160
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
2,048 SF
Lot
1.5 ac (65,340 SF)
Zoning code
B-2
APN
76-24-14-101-230
UPID
US43-5261925
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Southfield, MI
Zoning B-2 · permitted uses
B-2 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
12 Th LLC
Entity
Free & Clear · 4 yrs held
Mailing address
42690 WOODWARD AVE STE #225, BLOOMFIELD HILLS, MI 48304-5204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
12 Th LLC
Tim Donut U S Limited INC
Quit Claim Deed
related
—
Mar 1, 2019
—
12-th LLC
Sbrd LLC
Warranty Deed
—
Oct 31, 2013
$530,000
Sbrd LLC
19701 Twelve Mile Investment L
Warranty Deed
—
Jun 26, 2012
$225,000
19701 Twelve Mile Investment
I B Properties Holdings LLC
Grant Deed
—
Feb 10, 2011
—
Ib Property Holdings LLC
Bayview Ln Svcg LLC
Quit Claim Deed
related
—
Jan 4, 2011
$499,000
Bayview Ln Svcg LLC
Sheriff Of Oakland County
Trustees Deed
related
—
Jun 7, 2007
$711,000
Uptown Investments INC
T & Z Properties LLC
Warranty Deed
$975,000 · Interbay Funding LLC
Jul 30, 2003
$480,000
Tony B Zhang
Taylor,tr
Grant Deed
—
Jul 23, 2003
—
T & Z Properties LLC
Zhang,tong B
Grant Deed
related
—
—
—
Tong B Zhan
—
Deed Of Trust
related
$264,000 · Interbay Funding LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 19701 12th Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
